SINGAPORE, Oct 24 (Reuters) -
Japanese rubber futures edged lower on Thursday, as investors weighed easing weather-related supply disruptions and lower synthetic rubber prices against a weaker yen.
The March Osaka Exchange (OSE) rubber contract JRUc6, 0#2JRU: was down 0.1 yen, or 0.03%, at 386.5 yen ($2.53) per kg as of 0210 GMT.
The January rubber contract on the Shanghai Futures Exchange (SHFE) SNRv1 was down 135 yuan, or 0.74%, to 18,105 yuan ($2,542.12) per metric ton.
The most active November butadiene rubber contract on the SHFE SHBRv1 fell 240 yuan, or 1.57%, to 15,090 yuan ($2,118.79) per metric ton.
Upstream rubber supply is generally recovering, increasing pressure on prices, Chinese futures trading site Beite Futures said in a note.
Less rains and isolated thundershowers are likely across the country, said top producer Thailand's meteorological agency.
The dollar last traded at 152.62 yen JPY=EBS after pushing a near three-month high against the currency on Wednesday, underpinned by expectations for a slower pace of U.S. rate cuts and growing bets of a possible second term for Donald Trump as the U.S. president. USD/
A weaker currency makes yen-denominated assets more affordable to overseas buyers. FRX/
Chinese smartphone maker Xiaomi is expected to complete the expansion of its electric vehicle factory in mid-2025, government-backed Chinese media reported on Wednesday.
The U.S.-China tech war is all but certain to heat up no matter whether Trump or Vice President Kamala Harris wins the Nov. 5 presidential election, with new efforts to slow the flow of Chinese smart cars and other imports into the U.S. expected.
Automobile sales could influence the intensity of automobile manufacturing, which involves using rubber-made tyres.
The front-month November rubber contract on the Singapore Exchange's SICOM platform STFc1 last traded at 193.8 U.S. cents per kg, down 0.3%.
($1 = 152.6300 yen)
($1 = 7.1220 yuan)
(Reporting by Gabrielle Ng; Editing by Savio D'Souza)
((gabrielle.ng@thomsonreuters.com;))
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